Gold prices trading near session highs as JOLTS shows increase in U.S. job openings
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Gold prices are trading near session highs following the release of the JOLTS report, which showed an increase in U.S. job openings. This data suggests a strong labor market, which can influence gold prices due to its impact on interest rates and inflation expectations.
March 11, 2025 | 2:30 pm
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AAAU, a gold-backed ETF, may see a positive impact as gold prices rise following the JOLTS report indicating increased U.S. job openings.
The increase in U.S. job openings suggests a strong labor market, which can lead to higher inflation expectations and influence interest rates. This environment is typically supportive of gold prices, benefiting gold-backed ETFs like AAAU.
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